4 ms·
Most likely because intra-coinbase payments are instant, as they don't occur on the blockchain, but in the coinbase local database only
by oarsinsync 8y ago
Most likely because intra-coinbase payments are instant, as they don't occur on the blockchain, but in the coinbase local database only
- pjc50 8y agoAre you saying that the most convenient and cheap way to handle a trustless distributed blockchain currency is .. within a single database? /s
- Drdrdrq 8y agoIiuc the requirement holds only for the merchant and is similar to requirements of many credit card payment processors about holding a bank account with their chosen bank. The reason is probably the same (transaction costs).
- jstanley 8y agoOh! So it doesn't let people pay with Bitcoin on any website that accepts credit cards. It lets any website that accepts credit cards also accept payment in Bitcoin. There is a big difference.